Spread activity was the main CBOT driver today, with traders initially buying soybeans and selling wheat and corn. Long soymeal/short soyoil trading was notable as well. Disappointing export sales for corn and wheat triggered liquidation in those two commodities. Soybeans had gotten cheap enough that there was some short-covering and long position building being spread against short corn trades. U.S. weather is mostly trending warmer, though the East Coast and Eastern Corn Belt will still be cooler than normal for the coming week. The western half of the U.S. will see above-average temperatures, which will be favorable for both crop and livestock agriculture. Sunday night and into Monday could bring snow showers for Minnesota, Wiscon...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.